Court halts Channelside Bay Plaza sale

TAMPA — A bankruptcy court in Delaware has delayed the Tampa Port Authority's plans to buy the troubled Channelside Bay Plaza. The court ruled that the Irish Bank Resolution Corp., which owns the retail center's buildings, must do additional due diligence before it can sell the center.

The port owns the land that the 234,520-square-foot Channelside Bay Plaza sits on and had hoped to buy the buildings for $5.75 million.

Irish Bank Resolution Corp. needed the federal court to approve the sale because it has place many of its U.S. properties under bankruptcy protection.